Understanding the dashboard
The WFM + Xero Creditors dashboard shows how much you owe to suppliers and vendors for the current year. It gives you an overview of total payables and key details like average payment days, number of creditor contacts, and invoices. The dashboard includes trend analysis and an ageing graph to help you see changes in payables and track how long it takes to pay invoices over different periods. This information helps you manage cash flow and improve payment strategies.
Why is it important?
The Creditors dashboard provides you with the following relevant information:
The dashboard provides a comprehensive snapshot of amounts owed to suppliers and vendors, helping businesses keep track of their total payables.
It includes key metrics like average payment days and the number of creditor contacts, helping you evaluate how promptly you are settling invoices and identify any delays in payments.
The trend analysis and creditors ageing graph allow you to track how long invoices have been outstanding, which helps in managing cash flow and prioritising payments to avoid late fees and maintain good supplier relationships.
Explore the WFM + Xero Creditors Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What does Total Creditors refer to?
Total Creditors is the total amount you owe to suppliers or clients for services or products you bought on credit during a specific time period.
What does Creditor Days mean?
Creditor Days is the average number of days it takes your business to pay for goods and services purchased on credit.
How do I interpret the creditors trend analysis on the dashboard?
The Creditors trend analysis shows the total amount owed to suppliers and vendors over different periods, like monthly or quarterly. It also tracks how long it takes, on average, to pay these debts. This helps you see payment trends and assess how well you're managing your payments and cash flow.